TIMMO
ActiveFrom the official registers: KBO 12 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
TIMMO has been active since 2013 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €184,037 and a net result of €1,905. Equity is growing by about 14% per year across the filed financial years. Its solvency ranks better than 89% of 17,107 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Official details
KBO- Status
- Active since 29-08-2013 Normal situation
- Legal form
- Private limited company
- Registered office
- Brusselsesteenweg 196, 1730 Asse
- Activity
- Renting and operating of own or leased residential real estate, excluding social housing NACE 68201and 1 other
- Financial year end
- 31 December
- Peppol
- Reachable since 16-09-2025
How it is doing
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €6,052
- ▼ 39.2%
- Turnover
- ≈ €17,000
- estimated
- Profit
- €1,905
- ▼ 61.9%
- Equity
- €184,037
- ▲ 1.0%
- Total assets
- €216,045
- ▲ 1.3%
Why 97raises riskNo registered site in the KBOlowers riskLiquidity: current ratio 5.54, cash €161,459Equity €184,037 (85.2% of total assets)Size: total assets €216,045Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro): better than 91% on solvency, 95% on liquidity, 58% on profitability and 49% on growth.
The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 15 days after the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
Financials · financial year 2025, micro format
2025 annual accounts filed late (18 days) Filed on 18 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00405098.
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 18-08-2026
- Format
- micro format
- Reference
- 2026-00405098
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 57% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 10,904 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95.2% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
For this company itself Checked computes a bankruptcy probability of < 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 10,904 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €148,563 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,314 | €3,356 | €3,356 | €3,437 | €1,745 | €1,745 | €795 | €795 | = |
| Other operating charges640/8 | - | - | - | €7,139 | €2,387 | €2,104 | €2,177 | €2,245 | ▲ 3.2% |
| Gross operating margin9900 | €9,589 | €9,574 | €9,332 | €7,785 | €149,437 | €2,015 | €9,950 | €6,052 | ▼ 39.2% |
| Operating profit (loss)9901 | €2,271 | €1,639 | €52 | -€2,790 | €145,305 | -€1,834 | €6,978 | €3,011 | ▼ 56.8% |
| Financial charges65/66B | - | - | - | €141 | €169 | €140 | €166 | €153 | ▼ 7.8% |
| Recurring financial charges65 | €258 | - | €139 | €141 | €169 | €140 | €166 | €153 | ▼ 7.8% |
| Profit (loss) for the period before taxes9903 | €2,013 | €1,639 | -€87 | -€2,931 | €145,136 | -€1,974 | €6,812 | €2,858 | ▼ 58.0% |
| Income taxes67/77 | - | - | - | - | €38,361 | - | €1,818 | €953 | ▼ 47.6% |
| Profit (loss) for the period9904 | €2,013 | €1,639 | -€87 | -€2,931 | €106,775 | -€1,974 | €4,994 | €1,905 | ▼ 61.9% |
| Profit (loss) for the period to be appropriated9905 | €2,013 | €1,639 | -€87 | -€2,931 | €106,775 | -€1,974 | €4,994 | €1,905 | ▼ 61.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €103,980 | €105,619 | €104,533 | €101,600 | €218,261 | €216,287 | €213,187 | €216,045 | ▲ 1.3% |
| Fixed assets21/28 | €91,849 | €88,493 | €85,137 | €83,290 | €42,109 | €40,364 | €39,569 | €38,774 | ▼ 2.0% |
| Tangible fixed assets22/27 | €91,849 | €88,493 | €85,137 | €83,290 | €42,109 | €40,364 | €39,569 | €38,774 | ▼ 2.0% |
| Land and buildings22 | - | - | - | €83,290 | €42,109 | €40,364 | €39,569 | €38,774 | ▼ 2.0% |
| Current assets29/58 | €12,131 | €17,126 | €19,396 | €18,310 | €176,152 | €175,923 | €173,618 | €177,271 | ▲ 2.1% |
| Amounts receivable within one year40/41 | €2,403 | €8,403 | €8,403 | €9,813 | €15,813 | €15,813 | €15,813 | €15,813 | = |
| Other amounts receivable41 | - | - | - | €9,813 | €15,813 | €15,813 | €15,813 | €15,813 | = |
| Cash at bank and in hand54/58 | €9,728 | €8,724 | €10,994 | €8,498 | €160,339 | €160,110 | €157,806 | €161,459 | ▲ 2.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €103,980 | €105,619 | €104,533 | €101,600 | €218,261 | €216,287 | €213,187 | €216,045 | ▲ 1.3% |
| Equity10/15 | €73,716 | €75,355 | €75,268 | €72,337 | €179,112 | €177,138 | €182,132 | €184,037 | ▲ 1.0% |
| Contributions10/11 | €93,521 | €93,521 | - | €93,521 | €93,521 | €93,521 | €93,521 | €93,521 | = |
| Reserves13 | €1,209 | €1,209 | €1,209 | €1,209 | €85,592 | €85,592 | €90,586 | €92,490 | ▲ 2.1% |
| Non-distributable reserves130/1 | - | - | - | €1,209 | €1,209 | €1,209 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,209 | €1,209 | €1,209 | - | - | - |
| Distributable reserves133 | - | - | - | - | €84,382 | €84,382 | €90,586 | €92,490 | ▲ 2.1% |
| Profit (loss) carried forward14 | -€21,014 | -€19,375 | -€19,462 | -€22,393 | - | -€1,974 | -€1,974 | -€1,974 | = |
| Amounts payable17/49 | €30,263 | €30,264 | €29,265 | €29,263 | €39,148 | €39,148 | €31,055 | €32,008 | ▲ 3.1% |
| Amounts payable within one year42/48 | €30,263 | €30,264 | €29,265 | €29,263 | €39,148 | €39,148 | €31,055 | €32,008 | ▲ 3.1% |
| Trade debts44 | €26 | €27 | €28 | €26 | - | - | - | - | - |
| Suppliers440/4 | - | - | - | €26 | - | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | - | €9,911 | €9,911 | €1,818 | €2,771 | ▲ 52.4% |
| Taxes450/3 | - | - | - | - | €9,911 | €9,911 | €1,818 | €2,771 | ▲ 52.4% |
| Other amounts payable47/48 | - | - | - | €29,237 | €29,237 | €29,237 | €29,237 | €29,237 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,013 | €1,639 | -€87 | -€2,931 | €106,775 | -€1,974 | €4,994 | €1,905 | ▼ 61.9% |
| + Depreciation and write-downs630 | €4,314 | €3,356 | €3,356 | €3,437 | €1,745 | €1,745 | €795 | €795 | = |
| Operating cash flow (approximation) | €6,327 | €4,995 | €3,269 | €506 | €108,520 | -€229 | €5,789 | €2,700 | ▼ 53.4% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€1,590 | €39,437 | €0 | €0 | €0 | - |
| Change in cash | - | -€1,004 | €2,270 | -€2,496 | €151,842 | -€229 | -€2,304 | €3,653 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 12 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 18-08-2026 | 2026-00405098 | NBB |
| 31-12-2024 | micro format | 03-07-2025 | 2025-00241067 | |
| 31-12-2023 | micro format | 31-07-2024 | 2024-00319615 | |
| 31-12-2022 | micro format | 29-08-2023 | 2023-00369888 | |
| 31-12-2021 | micro format | 08-08-2022 | 2022-20276434 | |
| 31-12-2020 | micro format | 24-08-2021 | 2021-52300441 | |
| 31-12-2019 | micro format | 21-09-2020 | 2020-54300292 | |
| 31-12-2018 | micro format | 28-08-2019 | 2019-52100237 | |
| 31-12-2017 | micro format | 21-08-2018 | 2018-48900498 | |
| 31-12-2016 | micro format | 09-08-2017 | 2017-43400094 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| TIMMERMANS Romy |
|
How the board is organised
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Bij gebrek aan bepaling van de duurtijd, wordt hun mandaat geacht van onbepaalde duur te zijn, bestuursorgaan”“Bevoegdheden bestuursorgaan, geheel van de bevoegdheden aan hem toegekend, met de mogelijkheid een deel van deze bevoegdheden te delegeren”“Vergoeding bestuurders, geboekt op de algemene kosten, los van eventuele representatie-, reis- en verplaatsingskosten”
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- One provision in the deed
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Indien geen andere vereffenaar zou zijn benoemd, bestuurder(s) in functie”
Articles of association, deed of 23-01-2024
Owners and capital
Capital and shareholders
- 23-01-2024 Converted to unavailable equity · €94,729.76
Shares according to the articles of association
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, De aandeelhouders mogen kennis nemen van dit register betreffende hun effecten”
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
- Share issue ruleHow and by whom new shares can be issued.
- “De bestuurder(s) of het bestuursorgaan beslissen zelfstandig over de opvragingen van stortingen door de aandeelhouders, op voorwaarde van…”“Nieuwe aandelen waarop in geld wordt ingeschreven worden het eerst aangeboden aan de bestaande aandeelhouders naar evenredigheid van het…”
Other provisionsRules from the articles on subjects other than the board, the shares, the purpose and the meetings.
Articles of association, deed of 23-01-2024 (in Dutch)
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
23-01
Gazette deed
Reappointment: TIMMERMANS Romy (director)Legal-form conversion · Amendment of the articles · Capital conversion10 facts ▸
- General meeting, “buitengewone algemene vergadering” (deed in Dutch)
- Legal-form conversion, “behouden, Besloten vennootschap met beperkte aansprakelijkheid” (deed in Dutch)
- Amendment of the articles (2 times)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “opheffen, statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Capital
- Power of attorney, Vanessa DI GESUALDO
- Director reappointment, TIMMERMANS Romy (director)
- Registered office clause, “Vlaams Gewest, Brusselsesteenweg 196, 1730 Asse” (deed in Dutch)
- Power of attorney
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Who it is
KBO recordWhere it is based
What it does
NACEBEL 2025Invoicing and payment
Financial year and general meeting
Accounts at the NBBScores and ratios are computed by Checked and are not a credit decision.
Purpose, financial year and meetings according to the articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het verwerven, verhuren en verbouwen van onroerende goederen behorende of verworven door de vennootschap met uitzondering van die…”
4 activities
- Het verwerven, verhuren en verbouwen van onroerende goederen behorende of verworven door de vennootschap met uitzondering van die handelingen onderworpen aan een bijzondere reglementering.
- Het verstrekken van leningen en voorschotten onder eender welke vorm of duur, aan alle verbonden ondernemingen of ondernemingen waarin ze een participatie bezit, alsmede het waarborgen van alle verbintenissen van zelfde ondernemingen.
- Het beheren van beleggingen en van participaties in dochtervennootschappen, het waarnemen van bestuurdersfuncties en mandaten, het verlenen van advies, management, consultancy, opleiding, technische expertise en bijstand en andere diensten, inclusief het optreden als commercieel tussenpersoon, aan verbonden ondernemingen of aan derden.
- Het samenwerken met, deelnemen in, of op gelijk welke wijze, rechtstreeks of onrechtstreeks, belangen nemen in andere ondernemingen.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, kan filialen, administratieve- en exploitatiezetels, agentschappen, werkhuizen, stapelplaatsen en bijkantoren vestigen of…”
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Wednesday of June at 11:00
Articles of association, deed of 23-01-2024 (in Dutch)
Environmental permits: No permit applications found in Flanders.
Sites & property
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23322D0005/00D002 | Flanders | 1,115 m² | 1 · 135 m² | 7.6 m · 2 |